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Kriptoteka > Market > Bitcoin > Metalpha Deposits 33,589 ETH Worth $77.55M to Binance
Bitcoin

Metalpha Deposits 33,589 ETH Worth $77.55M to Binance

marcel.mihalic@gmail.com
Last updated: September 12, 2024 10:01 pm
By marcel.mihalic@gmail.com 3 Min Read
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According to the digital asset tracker Lookonchain, Metalpha, a prominent crypto wealth management firm based in Hong Kong, has deposited $77.55 million worth of Ethereum (ETH) to Binance in recent days.

Over several transactions, Metalpha transferred a total of 33,589 ETH to the leading global crypto exchange, which included a significant transfer of 10,000 ETH valued at $23.45 million on Monday.

As per Lookonchain, the firm still possesses 51,300 ETH, amounting to roughly $120 million.

The crypto tracker indicates that other Ethereum whales are also on an accumulation spree.

“A savvy whale acquired 5,000 ETH ($11.46 million) at the bottom again within the last two days! Previously, this whale bought 5,200 ETH at an average price of $1,322 in November 2022 and sold it at an average price of $2,093 in January, December 2023, and January 2024, netting over $4 million!”

As of now, Ethereum is trading at $2,378. The second-largest crypto asset by market cap has risen by 1.5% in the last 24 hours.

Additionally, Lookonchain reports that a Solana whale sold 20,000 SOL for $2.66 million on Monday. Since the year’s start, the address has divested a total of 715,000 SOL worth $102 million, yet retains 1.84 million SOL valued at $246 million staked, according to the tracker.

SOL is currently priced at $135.57. The fifth-ranked crypto asset by market cap has seen an increase of more than 0.5% in the past 24 hours.

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Disclaimer: The views expressed at The Daily Hodl do not constitute investment advice. Investors should conduct their own research prior to making any high-risk investments in Bitcoin, cryptocurrency, or digital assets. Please be aware that your transfers and trades are at your own risk, and any potential losses incurred are your responsibility. The Daily Hodl does not advise buying or selling any cryptocurrencies or digital assets, nor does it act as an investment advisor. Additionally, The Daily Hodl engages in affiliate marketing.

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